DLF LTD
Short

DLF: Chart view and trading strategy

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DLF

Observations
- Stock has done a 76.4% retracement of the fall from 359.25 to 303 levels

Given the set up one may consider to sell DLF

F&O strategy

Consider Bearish Call spread

Sell DLF 350 Call option around 11

Buy DLF 370 Call option around 5

Net receivables in strategy 19800/- per strategy lot (yield potential around 20% till expiry)

Be cautious if DLF closes above 346

The strategy has Inbuilt loss protection for a rise up to 356 till expiry

Take care & safe trading..!!!

Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Note
Strategy update

350 Call option 6.25 ( selling at 11)

370 Call option 2.55 ( buy at 5)

Net profit Rs 7590/- per lot so far
Note
350 Call option cmp 22

370 Call option cmp 12.5

Book profits in 370 Call option and adjust the same in 350 Call price and hold
DLFFibonacciFibonacci RetracementNIFTYshorttradingviewTrend Analysis

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